Upper West Side Office Space

Upper West Side

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$147
Median Size (sqft)
600
As of: February 27, 2017

Upper West Side Rates

On average, listings lease in the $140's per square foot per year. The Upper West Side region is experiencing a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year. That's a 36% increase in rent.

Compared to the rest of the New York City market, the Upper West Side region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Upper West Side Listing Supply

In the last 90 days, 37 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the available space in the Upper West Side are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 600 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1920 and are Class A.

Upper West Side Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the residents of Upper West Side work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Upper West Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Upper West Side.
Research